Dow soars nearly 300 points to close at record high

Hard to say. Yes, the Schiller P/E ratio is higher than its long-term average, but it has been that way for nearly two decades with only a few relatively brief exceptions. Since more people are in the stock market today than twenty years ago, it seems to me that prices should naturally be inflated compared to then.

The bottom line right now is Trump. It's looking like he will get the corporate tax rate lowered and may very well provide a 'tax holiday' to allow big corporations to bring their profits from overseas back home. This is great news for dividends, buy backs, and growth.

For a while, I was concerned about the effects of terrorism, the E.U., and very slow growth in the U.S. economy. These still concern me, but not as much now as before for various reasons.

Housing prices are moving up, but not at the breakneck speeds of the early 2000s, which is a good thing. Employment participation is still quite low, but the unemployment rate is very good.

I see no immediate end in sight to the upward trend.

And if you think you can time the market, you're probably fooling yourself. Even Buffet doesn't make that claim.

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Dow soars nearly 300 points to close at record high